Payday HCM Blog

Employee Retention: 4 Problems and Their Solutions

Jan 29, 2024 1:19:35 PM / by Keith Edwards posted in Employee Retention, Employee Well-Being, Employee Experience

Employee turnover can be a significant issue for businesses. It's not just the loss of a skilled worker; it's the compounded costs of recruiting and training new hires and the potential disruption to team dynamics and...

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5 Ways to Increase Employee Productivity Through Financial Security

Jan 22, 2024 12:16:15 PM / by Keith Edwards posted in Employee Benefits, Employee Well-Being, Employee Experience

The burden of financial stress on employees is a silent productivity killer in many organizations. Employees who wrestle with personal financial worries are often distracted, less engaged, and may even exhibit higher...

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7 Employee Retention Metrics and How to Use Them

Jan 11, 2024 10:17:31 AM / by Kristi Feist posted in Employee Retention Credit (ERC), Employee Experience, Employee Retention Metrics

On average, the total cost of hiring a new employee can be three to four times the position's salary. The true cost of hiring an employee goes beyond just paying their salary. It includes recruiting, training, and...

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5 Ways to Ensure Your New Hires Have a Successful First 30 Days

Dec 27, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Engagement, Employee Training, Employee Experience

The first month in a new job can often be overwhelming for new hires, filled with uncertainty and the pressure to prove themselves. This period is crucial, not just for the employee but also for the organization, in...

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5 Keys to Hiring Top Talent

Dec 8, 2023 9:00:00 AM / by Kristi Feist posted in Human Resources, Employees, Employee Well-Being, Employee Experience

In today's job market, finding and securing the best talent is more challenging than ever. Businesses often need help to fill positions quickly and ensure that the candidates they choose are the right fit for their...

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4 Ways to Controlling Health Benefit Costs for Businesses

Nov 15, 2023 9:21:49 AM / by Patrick Sanders posted in Employee Benefits, Employee Experience, Competitive Benefits Package, Health Benefits

The rising costs of health benefits are a pain for business owners. As premiums rise, you may grapple with the question: "Am I overpaying for health benefits?" This concern is valid and shared by many in your position,...

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5 Reasons Why Employee Benefits Matter

Oct 18, 2023 10:00:00 AM / by Patrick Sanders posted in Employee Benefits, Employee Retention, Employee Well-Being, Employee Experience, Competitive Benefits Package, Health Benefits

Attracting and retaining top talent is more challenging than ever for employers. You may offer a competitive salary but need more to secure the skilled professionals your business needs to thrive.

We understand the...

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How Does the Benefits Enrollment Tool in isolved Work?

Sep 29, 2023 10:00:00 AM / by Keith Edwards posted in Employee Benefits, Employees, Employee Engagement, Employee Experience, Health Benefits, Open Enrollment, isolved, benefits enrollment tool

Let's face it — managing employees' benefits can be a headache. The process is full of challenges. From ensuring all the employees are enrolled on time, to keeping track of various plans and packages. Sometimes,...

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What is the Benefits Enrollment Tool in isolved?

Sep 27, 2023 10:00:00 AM / by Keith Edwards posted in Employee Benefits, Employees, Employee Experience, Health Benefits, Open Enrollment, isolved, benefits enrollment tool

Dealing with employee benefits can often feel like an intimidating task for both employers and employees. Have you ever heard of the benefits enrollment tool in isolved? If you haven’t, you’re in for a treat. And before...

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5 Ways to Make Your Employee Benefits Package Competitive

Sep 20, 2023 10:00:41 AM / by Patrick Sanders posted in Employee Benefits, Employees, PTO, Employee Retention, Employee Well-Being, Employee Experience, Competitive Benefits Package, Health Insurance, Health Benefits

Ignoring the importance of a competitive benefits package can create real problems for your organization. A poor benefits offering can lead to high employee turnover, low morale, and difficulty attracting quality...

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